Question

Which of the following would be considered a very good credit score?

1) 500
2) 700
3) 850
4) 1000

Answer 1

From the options provided, 700 would be considered a very good credit score whereas 850 is often seen as an excellent credit score.

Step-by-step explanation:

A very good credit score would typically be considered around the range of 700 to 749, according to many credit scoring models, such as the commonly used FICO score and Vantage Score. Therefore, out of the options provided, 700 would be considered a very good credit score. A score of 850 is generally considered as perfect or excellent credit. Credit scores below 600 are usually regarded as poor.